Fort Pierce plastics plant sells at auction

March 30th, 2009 by Eve Samples

An Asheville, N.C.-based company paid $3.8 million this month for Freedom Plastics Inc.’s plant in Fort Pierce.

Pipe manufacturer Silver-Line Plastics intends to refurbish the 100,000 square feet and may rehire some of the 33 workers who lost their jobs there, according to Chief Financial Officer Bill Beard.

Fallout in the construction business and fluctuating PVC resin prices led Janesville, Wis.-based Freedom to file for bankruptcy protection earlier this year. The Fort Pierce plant - along with plants in Janesville and Preston, Idaho - were auctioned off March 16.

At its peak, the local plant employed 100. It closed this month.

Tags: auction, bankruptcy, chief, Freedom Plastics, jobs, prices, Silver-Line Plastics

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Fort Pierce plastics plant sells at auction

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